Goenka Business & Finance has scheduled its 39th Annual General Meeting (AGM) for September 29, 2026. The meeting will be conducted via video conferencing and other audio-visual means.

The Board of Directors approved the notice for the AGM during its meeting held on September 4, 2026. The session is set to begin at 11:00 am IST.

Governance Changes

Shareholders will vote on several governance-related resolutions. These include the reappointment of Yasin Gori as a director retiring by rotation. Gori serves as the Whole Time Director of the company.

The board also seeks approval to reappoint Charmi Parikh as an Independent Director for a second term of five years. Her current term expires on December 6, 2026. The new term will run from December 7, 2026, to December 6, 2031.

Additionally, shareholders will confirm the appointment of Atul Sheth as an Independent Director. Sheth was initially appointed on May 26, 2026. His confirmed term will last until May 25, 2031.

Auditor Appointment

The company proposes to appoint M/s V S S B & Associates as its statutory auditor. This firm will replace M/s M A A K & Associates, whose term expires at this AGM. The proposed tenure for V S S B & Associates is five years.

The audit fee for FY27 is fixed at ₹150,000 plus applicable taxes and out-of-pocket expenses. The board will determine fees for subsequent years based on Audit Committee recommendations.

Voting Details

Remote e-voting will be facilitated by National Securities Depository Limited (NSDL). The voting window opens on September 26, 2026, at 9:00 am and closes on September 28, 2026, at 5:00 pm.

The record date for determining voting eligibility is September 23, 2026. Shareholders holding shares as of this date can cast their votes electronically. Ms. Aanal Satyawadi has been appointed as the scrutinizer for the voting process.

Goenka Business & Finance reported a net profit after tax of ₹4.61 crore for the fiscal year ended March 31, 2026, reversing a net loss of ₹33.47 lakh in the preceding year. The company’s revenue from operations more than doubled to ₹15,701.50 lakh, up from ₹7,502.71 lakh in FY25.

The NBFC also recommended a final dividend of ₹0.50 per equity share, representing a 5% payout on the face value of ₹10. The Board of Directors approved these financials in a meeting held on September 3, 2026.

Financial Performance

The company’s operational revenue surged by 109.27% year-on-year, driven by higher trading volumes and lending activities. Interest income rose to ₹2,119.32 lakh from ₹1,352.27 lakh in the previous year. Sale of shares contributed ₹13,579.77 lakh to revenue, up significantly from ₹6,149.89 lakh.

However, finance costs increased to ₹2,151.77 lakh from ₹1,690.31 lakh, reflecting the expansion in the loan book and financial liabilities. Other income declined sharply to ₹36.92 lakh from ₹308.30 lakh, primarily due to the absence of a one-time gain on the sale of business interest recorded in the prior year.

What the Numbers Show

The turnaround in profitability was driven entirely by operational scale rather than margin expansion. While revenue doubled, total expenses rose to ₹12,943.77 lakh from ₹6,169.38 lakh. Notably, other expenses jumped to ₹1,398.56 lakh, including a significant bad debt write-off of ₹460.81 lakh and professional fees of ₹349.95 lakh. This indicates that while top-line growth is robust, cost management and credit quality remain key focus areas as the company scales its asset base.

Balance Sheet and Regulatory Updates

Total assets nearly doubled to ₹39,607.34 lakh, with loans standing at ₹32,099.97 lakh. Other financial liabilities increased to ₹35,366.37 lakh, supporting the growth in the loan book. Cash and cash equivalents improved to ₹386.66 lakh from ₹91.72 lakh.

The company disclosed a final order from SEBI dated June 30, 2026, imposing a monetary penalty of ₹1 crore. The regulator has restrained the company from accessing the securities market for five years. Goenka Business & Finance has filed an appeal against this order. Additionally, the company appointed M/s V S S B & Associates as its new statutory auditors for a five-year term.

Corporate Actions

The 39th Annual General Meeting will be held on September 29, 2026, via video conferencing. Key agenda items include:

• Re-appointment of Mr. Yasin Gori as Whole Time Director.
• Re-appointment of Ms. Charmi Parikh as Independent Director for a second term.
• Confirmation of Mr. Atul Sheth’s appointment as Independent Director.
• Adoption of the audited financial statements for FY26.